Global Statistics

All countries
230,882,741
Confirmed
Updated on September 23, 2021 4:22 am
All countries
205,868,624
Recovered
Updated on September 23, 2021 4:22 am
All countries
4,732,838
Deaths
Updated on September 23, 2021 4:22 am

COVID-19 Global Statistics

All countries
230,882,741
Confirmed
Updated on September 23, 2021 4:22 am
All countries
205,868,624
Recovered
Updated on September 23, 2021 4:22 am
All countries
4,732,838
Deaths
Updated on September 23, 2021 4:22 am

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Nigeria Gets $486m World Bank Credit For Power Sector

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World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday.

“The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional power,” the World Bank said.

Nigeria’s  power sector is often criticised by economists for holding back the country’s economic growth.

Businesses and households are subject to frequent blackouts, and many depend on their own generators that are expensive to run.

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